Maxi Investments CY Ltd Takes Position in Kingsoft Cloud Holdings Limited Sponsored ADR $KC

Maxi Investments CY Ltd bought a new position in shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 578,325 shares of the company’s stock, valued at approximately $5,980,000. Kingsoft Cloud comprises approximately 1.1% of Maxi Investments CY Ltd’s holdings, making the stock its 24th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Artisan Partners Limited Partnership bought a new position in Kingsoft Cloud in the 3rd quarter valued at about $51,504,000. Penserra Capital Management LLC lifted its position in Kingsoft Cloud by 32.8% during the third quarter. Penserra Capital Management LLC now owns 631,442 shares of the company’s stock worth $9,421,000 after acquiring an additional 155,788 shares during the last quarter. LMR Partners LLP boosted its holdings in shares of Kingsoft Cloud by 1,114.5% during the second quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock worth $6,488,000 after acquiring an additional 475,533 shares during the period. Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of Kingsoft Cloud in the third quarter valued at approximately $6,896,000. Finally, Bank of America Corp DE increased its stake in shares of Kingsoft Cloud by 51.5% during the second quarter. Bank of America Corp DE now owns 271,263 shares of the company’s stock worth $3,396,000 after purchasing an additional 92,185 shares during the period. Institutional investors and hedge funds own 13.40% of the company’s stock.

Kingsoft Cloud Stock Down 3.7%

Shares of KC opened at $16.01 on Friday. The firm has a 50 day simple moving average of $14.59 and a two-hundred day simple moving average of $13.07. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. Kingsoft Cloud Holdings Limited Sponsored ADR has a one year low of $10.29 and a one year high of $18.38. The company has a market cap of $4.84 billion, a P/E ratio of -32.67 and a beta of 2.04.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Zacks Research downgraded Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Tuesday, April 21st. The Goldman Sachs Group upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price objective for the company in a research note on Tuesday, February 10th. Finally, Jefferies Financial Group increased their target price on shares of Kingsoft Cloud from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Wednesday, March 25th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.53.

Kingsoft Cloud Company Profile

Kingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading provider of cloud computing services in China, offering a comprehensive suite of infrastructure and platform solutions to enterprise customers. Established in 2012 as a subsidiary of Kingsoft Corporation, the company has grown into an independent public entity with dual listings, serving as a critical backbone for digital transformation across multiple industries. Headquartered in Beijing, Kingsoft Cloud leverages advanced technologies to optimize cloud operations and deliver scalable, reliable services.

The company’s core offerings span Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS), encompassing compute, storage, database, content delivery networks (CDN) and security solutions.